Appointment of Mr. Vinayak Ganesh Phadke (DIN: 00506647) as a Non-Executive Independent Director of the company w.e.f. 18th September, 2025. The Term of his appointment as an Independent ....
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The board of Ladam Affordable Housing Ltd, at its meeting on August 11, 2025, approved the unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended June 30, 2025), posting a standalone loss of Rs. 9.45 lakhs and a consolidated loss of Rs. 9.32 lakhs, with no revenue from operations in the quarter. The board also approved the Final Directors' Report, the 46th AGM notice, and appointed a scrutinizer for the e-voting process. Additionally, Mr. Vinayak Ganesh Phadke (DIN: 00506647) was appointed as a Non-Executive Independent Director for a 5-year term effective September 18, 2025, subject to shareholder approval. Mr. Phadke brings over five decades of experience, including a long career at Bank of Maharashtra and involvement in real estate redevelopment/SRA projects.
The company continues to report losses with no operational revenue in Q1 FY26, which may concern shareholders. The appointment of a seasoned independent director with finance and real estate regulatory experience could strengthen board oversight and align with the company's affordable housing focus, but his appointment is contingent on shareholder approval at the upcoming AGM.